Iwould like everyone to read this report from(BioMed Reports)
Speaking of that, why are people still stressing over the day to day price of shares of MedClean Technologies, Inc (MCLN.OB)? That company not only has a solid management team with a great track record of their own, but they are a profitable penny stock company with lots of pending orders and a much needed green technology that hospitals can either buy, lease or rent under very favorable economic terms. Hello? Do some of these people even know how rare it is to find any single one of those factors, much less a winning combination of all of those in a penny stock trading under $1? It's hard to believe that shares of this gem can still be had for under $.03? Maybe some of these OTC traders are worried that the company has had to raise money in order to fill some of those pending orders? Here's a clue. Companies sometimes need money to make more money. These guys are a fully reporting company that is working hard to do just that. Unlike some OTC traded stocks they're not using credit line funds to pay utility bills.
At some point, you have to wonder how people miss the boat on great finds like MedClean. Then again, most OTC traders are probably not used to asking themselves one simple question: "What's the upside on this one and what's my downside risk?"
As one analyst said best: "The Regulated Medical Waste (RMW) Disposal space is one of the most critical segments of the health care sector. According to recent industry reports, and our estimates, the RMW disposal market is a $2.0 billion business annually, and is expected to reach $2.6 billion by the end of 2012. The RMW segment is a vital cog in the health care services food chain and MedClean offers hospitals and clinics unique advantages compared to its off-site disposal competitors. MedClean’s solutions ensure cost-savings, reporting compliance, and limit the frequency of hazardous waste handling opportunities. Management’s previous successes give us great confidence that MedClean will become a top-tier player in relatively short order. During the executive management team’s tenure at eResearch Technology, the Company grew from a sub-$50M market capitalization to $1.5 billion."
So do your own math. As you can figure out by reading their own recent filings, the company has a back-log of orders to fill. If they made and reported the profits they did last quarter on such few installations, what are the odds that they'll be reporting higher earnings next quarter? I said it then and I'll say it again. I'm not only holding all my shares, I'm adding more.
